Net Asset Value

Northern 3 VCT

0.81 GBP -3.57%

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6 FEBRUARY 2025

NORTHERN 3 VCT PLC

UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2024

Northern 3 VCT PLC ("the Company”) is a Venture Capital Trust ("VCT”) launched in 2001 and managed by Mercia Fund Management Limited. The Company’s objective is to provide long-term tax-free returns to investors through a combination of dividend yield and capital growth, by investing in a portfolio of investments mainly comprising unquoted venture capital holdings. In order to maintain approval by HM Revenue & Customs as a VCT, the Company is required to comply on a continuing basis with the provisions of Section 274 of the Income Tax Act 2007.

The unaudited net asset value per ordinary share as at 31 December 2024 was 90.5 pence (30 September 2024 (unaudited) 88.5 pence).

The net asset value is stated before deducting the interim dividend of 2.0 pence per share in respect of the year ending 31 March 2025, which was paid to eligible shareholders on 22 January 2025.

For the purposes of calculating the net asset value per share, quoted investments are carried at bid price as at 31 December 2024 and unquoted investments are carried at fair value as at 31 December 2024 as determined by the directors.

In addition to the new investments above, £2,506,000 was invested in five existing portfolio companies during the quarter.

Realisations:
During the three months ended 31 December 2024 two venture capital investments were realised.

The number of ordinary shares in issue at 31 December 2024 was 145,736,693. During the three months ended 31 December 2024, 721,334 shares were purchased for cancellation at a price of 84.08 pence per share

Enquiries:

James Sly / Sarah Williams, Mercia Asset Management PLC – 0330 223 1430
Website:        www.mercia.co.uk/vcts

The contents of the Mercia Asset Management PLC website and the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are not incorporated into, nor forms part of, this announcement.